OKEx Exec Says Bitcoin to Rocket Past ‘Conservative’ $20,000 Prediction

OKEx Exec Says Bitcoin to Rocket Past ‘Conservative’ $20,000 PredictionBy CCN: The ongoing bitcoin price rally has more than enough fuel to retest the all-time high of $20,000, according to Andy Cheung, head of operations at Malta-based cryptocurrency exchange OKEx. Cheung called $20,000 a “conservative prediction,” hinting that most speculators are less likely to exit their long positions now that BTC has already rebounded by more than 180% from its low near $3,120 in just 163 days. “$20,000 is a conservative prediction for bitcoin price in 2019, as I said last year. The rally won’t stop here because more institutional investors are coming into the market, and the
The post OKEx Exec Says Bitcoin to Rocket Past ‘Conservative’ $20,000 Prediction appeared first on CCN

By CCN: The ongoing bitcoin price rally has more than enough fuel to retest the all-time high of $20,000, according to Andy Cheung, head of operations at Malta-based cryptocurrency exchange OKEx. Cheung called $20,000 a “conservative prediction,” hinting that most speculators are less likely to exit their long positions now that BTC has already rebounded by more than 180% from its low near $3,120 in just 163 days. “$20,000 is a conservative prediction for bitcoin price in 2019, as I said last year. The rally won’t stop here because more institutional investors are coming into the market, and the

The post OKEx Exec Says Bitcoin to Rocket Past ‘Conservative’ $20,000 Prediction appeared first on CCN

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